Switch (NYSE:SWCH) Given a $22.00 Price Target by Credit Suisse Group Analysts

Credit Suisse Group set a $22.00 price target on Switch (NYSE:SWCH) in a report published on Wednesday, February 7th. The firm currently has a buy rating on the stock.

A number of other analysts also recently weighed in on SWCH. Goldman Sachs Group began coverage on shares of Switch in a research report on Tuesday, October 31st. They issued a neutral rating on the stock. William Blair began coverage on shares of Switch in a research report on Tuesday, October 31st. They set an outperform rating on the stock. Wells Fargo & Co began coverage on shares of Switch in a research report on Tuesday, October 31st. They set a market perform rating on the stock. Raymond James Financial began coverage on shares of Switch in a research report on Tuesday, October 31st. They set a market perform rating on the stock. Finally, Citigroup began coverage on shares of Switch in a research report on Tuesday, October 31st. They set a neutral rating and a $22.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $21.83.

Shares of Switch (SWCH) traded up $0.04 during trading on Wednesday, reaching $15.85. 20,689 shares of the company’s stock were exchanged, compared to its average volume of 742,074. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.18. Switch has a fifty-two week low of $14.06 and a fifty-two week high of $24.90.

Switch (NYSE:SWCH) last issued its quarterly earnings data on Monday, November 13th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. The company had revenue of $97.70 million for the quarter, compared to analysts’ expectations of $95.81 million. Switch’s quarterly revenue was up 19.6% on a year-over-year basis. analysts forecast that Switch will post 0.02 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SWCH. The Manufacturers Life Insurance Company bought a new stake in Switch during the 4th quarter worth approximately $121,000. FNY Managed Accounts LLC bought a new stake in Switch during the 4th quarter worth approximately $181,000. Jane Street Group LLC bought a new stake in Switch during the 4th quarter worth approximately $195,000. Two Sigma Advisers LP bought a new stake in Switch during the 4th quarter worth approximately $206,000. Finally, Wolverine Trading LLC bought a new stake in Switch during the 4th quarter worth approximately $218,000. Institutional investors own 0.35% of the company’s stock.

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Switch Company Profile

Switch, Inc is a technology infrastructure company. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services, and content ecosystems. The Company designs, constructs and operates hyperscale data centers that address the growing challenges facing the data center industry.

Analyst Recommendations for Switch (NYSE:SWCH)

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